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<br />~ <br /> <br />. <br /> <br />APPENDIX 1 <br /> <br />EXEMPTIONS FROM THE BUSINESS SUBSIDY ACT <br /> <br />The Business Subsidy, Act at section 116j .993, subdivision 3, exempts the following <br />forms of financial assistance from the limitations ofthe Act: <br /> <br />1. <br />2, <br /> <br />3. <br /> <br />4. <br /> <br />5. <br /> <br />6, <br /> <br />7. <br />8, <br />9, <br />10. <br />11. <br />12. <br />13. <br />14. <br />15. <br /> <br />16, <br /> <br />17. <br /> <br />18. <br /> <br />A Business subsidy ofless than $25,000; <br />Assistance that is generally available to all business or to a general class of similar <br />businesses, such as a line of business, size, location, or similar general criteria; <br />Public improvements to buildings or lands owned by the state or local government <br />that serve a public purpose and do not principally benefit a single business or <br />defined group of businesses at the time the improvements are made; <br />Redevelopment property polluted by contaminants as defined in section l16j .662, <br />subdivision 3; <br />Assistance provided for the sole purpose of renovating old or decaying building <br />stock or bringing it up to code, provided that the assistance is equal to or less than <br />50 percent of the total cost; <br />Assistance provided to organizations whose primary mission is to provide job <br />readiness and training services if the sole purpose of the assistance is to provide <br />those services <br />Assistance for housing; <br />Assistance for pollution control or abatement; <br />Assistance for energy conservation; <br />Tax reductions resulting from conformity with federal tax law; <br />Workers' compensation and unemployment compensation; <br />Benefits derived from regulation; <br />Indirect benefits derived from assistance to educational institutions; <br />Funds from bonds allocated under chapter 474A (qualified tax exempt bonds); <br />Assistance for the collaboration between a Minnesota higher education institution <br />and a business; <br />Assistance for a tax increment financing soils condition district as defined under <br />section 469.174, subdivision 19 (pollution clean-up); <br />Redevelopment when the recipient's investment in the purchase ofthe site and in <br />site preparation is 70 percent or more of the assessor's current year's estimated <br />market value; and <br />General changes in tax increment financing law and other general tax law changes <br />of a principally technical nature, <br /> <br />. <br /> <br />. <br />